Sportradar Group AG (NASDAQ:SRAD) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Sportradar Group has a “Moderate Buy” consensus rating from 20 analysts: nine rate it a buy, two a strong buy, eight a hold and one a sell. The average 12-month price target is $19.19.
• Recent analyst actions were mixed, with UBS downgrading the stock to neutral and cutting its target to $16, while Stifel Nicolaus and Guggenheim maintained buy ratings with reduced price targets.
• Shares opened at $11.56, near their 12-month low of $11.46, while the company reported quarterly revenue of $431.19 million and a loss of $0.01 per share.

Shares of Sportradar Group AG (NASDAQ:SRAD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $19.19.

SRAD has been the topic of several research reports. UBS Group downgraded shares of Sportradar Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $30.00 to $16.00 in a research note on Wednesday, August 5th. Stifel Nicolaus cut their price objective on shares of Sportradar Group from $21.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings raised shares of Sportradar Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Freedom Capital raised shares of Sportradar Group to a "strong-buy" rating in a report on Monday, July 20th. Finally, Guggenheim decreased their target price on shares of Sportradar Group from $28.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd.

Sportradar Group Price Performance

Shares of Sportradar Group stock opened at $11.56 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $3.46 billion, a PE ratio of 192.70 and a beta of 1.58. The business's 50-day moving average price is $13.11 and its 200-day moving average price is $14.49. Sportradar Group has a 12 month low of $11.46 and a 12 month high of $27.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $431.19 million during the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. Sell-side analysts forecast that Sportradar Group will post 0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SRAD. Allied Private Wealth LLC bought a new stake in shares of Sportradar Group in the 2nd quarter valued at about $61,000. Nomura Asset Management Co. Ltd. increased its stake in Sportradar Group by 100.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,000 shares of the company's stock worth $71,000 after purchasing an additional 1,500 shares during the period. SHP Wealth Management purchased a new position in Sportradar Group in the 4th quarter worth approximately $86,000. Rockefeller Capital Management L.P. lifted its position in Sportradar Group by 4,969.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,982 shares of the company's stock valued at $142,000 after purchasing an additional 5,864 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new stake in Sportradar Group in the second quarter valued at approximately $176,000.

Sportradar Group Company Profile

Sportradar Group AG is a sports technology company that provides data, content and technology solutions to the global sports, media and betting industries. Its services support the collection, analysis and distribution of sports information across a broad range of competitions and sporting events.

The company offers live sports data, statistics, odds services, betting solutions, audiovisual content and digital media products. It also provides tools for sports organizations and media companies, including fan engagement, marketing, sponsorship and data-driven content solutions.

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